To all you pro oil folks out there.

Gas prices are going to rise until availability becomes scarce. Americans will experience gas shortages.

Not only that but brown outs will limit electric cars.

Because of fuel prices, when the recession hits, it's going to hit big.

Right now our warehouses are low on stock, and with the labor shortage created by DumBama jobs will be ready available for some time. However once those warehouses are back to normal levels, those jobs will not pay so handsomely as they are now.

Americans are using their former residual income to pay for fuel instead. Residual income is what keeps the economy going. JP Morgan predicts a national gasoline price of $10.00 a gallon by August. Like I said, when the recession hits, it's going to hit hard and fast.
 
We just hit $5.09 today. That's a 20 cent increase from yesterday.

Ouch! Well, Biden has the American people in a corner now. I wonder if he knows it. :dunno:

Ours went up about $.25/gal. I noticed when I drove to the store this morning. I'm trying to cut my days out to 2 days a week, trying to cut 40% of my purchases, and stick to a list better. Last month, I only had to fill up the car once, which only cost $50 because I had half a tank left, and I wanted to see if I couldn't extend my next fill at 6 weeks instead of 4.
I used to fill up full 4 times in a month last year.
 
Pretty sure working folks don't give two shits about oil company profits. Never have, never will.

However, they get a little pissed when it costs them $100 to fill up their Toyota, Dumbass.

Good luck in November when gas prices are avg around $6-$7 a gallon.

But according to right wingers if they can't afford stuff they're just lazy and need to work more hours, and learn some skills to make themselves worth more in these imaginary 'markets' they keep claiming decides stuff and get better jobs.

Just ignore all those statements from CEOs over the last year that they are not reinvesting in drilling so they can pay out their windfall i dividends to stockholders, and it would be stupid to expend money increase supply and lower the prices and thus lower their profits.
 
Yall need to stop complaining about Biden and what you think he's done to increased gas prices. Biden is doing the oil companies a favor. Record profits with little overhead.
So if you're going to continue to be pro big oil, yall need to stop complaining about the price. It's a free market economy, and if the oil companies get to make $100 billion just in the 1st quarter, then you should all be proud. In fact, I'd advise you all to buy extra gas cans and fill them all up. Buy it and give it away to those who can't afford it.

You know, just to show your support for big oil.
The government has the power to limit permits on oil leases. That isn't a 'free market economy.'
 
But according to right wingers if they can't afford stuff they're just lazy and need to work more hours, and learn some skills to make themselves worth more in these imaginary 'markets' they keep claiming decides stuff and get better jobs.

No, what working people do is cut down on purchases. Cutting down on purchases leads to a recession.
 
President Biden's policies didn't cause the price of oil to rise. That was OPEC and the other oil producing nations who cut production after oil prices briefly went negative in 2020. Those same nations refused to increase production as demand began to rise. US producers don't take orders from the government like those nations, but still market forces caused US production to drop. Active drilling rig count drop to it lowest, again in 2020.
You don't call his war against oil companies by cutting off a pipeline from Canada a "policy?" He made a big mistake by hurting a neighbor whose citizens put out a lot of their money building a pipeline to America, not to mention the investors in this country he likewise screwed. Laws of mercy, Biden hates the American people and our allies, the Canadians too. :cranky:
 
No, what working people do is cut down on purchases. Cutting down on purchases leads to a recession.

Doesn't address what I said, or what you've said in other threads about why people can't afford stuff. You have a different narrative based on who's President now. Oil prices are high because the oil companies want them high.

BDS is as bad as TDS.
 
Doesn't address what I said, or what you've said in other threads about why people can't afford stuff. You have a different narrative based on who's President now. Oil prices are high because the oil companies want them high.

BDS is as bad as TDS.

It's a shame you know so little about oil and fuel prices in general.

In past discussions my stance was people who use social services or are working minimum wage jobs and complaining about it are those who need to upgrade their abilities. I still believe that. I never once said that people need to make more money because morons elected a dementia patient for President.
 
When Obama took office there was only 278 US oil drilling rigs operating, rising to 703 when he left.

When Trump took office there was only 703 US oil drilling rigs operating, falling to only 287 when he left, doubling US imports from Russia.

When Biden took office there was only 287 US oil drilling rigs operating, rising every month to 574 currently. US oil refinery inputs & outputs have been rising every week.
Weird how gas prices skyrocket under Barry Hussein, and they were less than half they are today when Trump took office.

Explain why your Vegetable Messiah has set new record high gas prices every day since May 10, Dumbass.
 
President Biden's policies didn't cause the price of oil to rise. That was OPEC and the other oil producing nations who cut production after oil prices briefly went negative in 2020. Those same nations refused to increase production as demand began to rise. US producers don't take orders from the government like those nations, but still market forces caused US production to drop. Active drilling rig count drop to it lowest, again in 2020.

OPEC oil production numbers say you are a lying sack of shit.

30.64M barrels a day when Covid hit, about the same now.



  • OPEC and its oil-producing allies agreed to hike output in July and August by a larger-than-expected amount as Russia’s invasion of Ukraine wreaks havoc on global energy markets.
  • OPEC+ will increase production by 648,000 barrels per day in both July and August.
  • The group has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020.

DateValue
January 31, 202230.03M
December 31, 202130.09M
November 30, 202129.89M
October 31, 202129.44M
September 30, 202129.17M
August 31, 202128.76M
July 31, 202128.76M
June 30, 202128.05M
May 31, 202127.50M
April 30, 202127.03M
March 31, 202127.03M
February 28, 202126.87M
January 31, 202127.32M
December 31, 202027.20M
November 30, 202027.00M
October 31, 202026.24M
September 30, 202025.89M
August 31, 202025.87M
July 31, 202024.89M
June 30, 202024.25M
May 31, 202026.21M
April 30, 202032.11M
March 31, 202030.11M
February 29, 202029.88M
January 31, 202030.64M
DateValue
December 31, 201930.95M
November 30, 201931.05M
October 31, 201931.21M
September 30, 201929.74M
August 31, 201931.31M
July 31, 201931.00M
June 30, 201931.57M
May 31, 201931.46M
April 30, 201931.83M
March 31, 201931.78M
February 28, 201932.25M
January 31, 201932.32M
December 31, 201832.87M
November 30, 201833.57M
October 31, 201833.81M
September 30, 201833.59M
August 31, 201833.41M
July 31, 201833.13M
June 30, 201833.11M
May 31, 201833.01M
April 30, 201833.16M
March 31, 201833.26M
February 28, 201833.52M
January 31, 201833.67M
December 31, 201733.97M

 
It's a shame you know so little about oil and fuel prices in general.

In past discussions my stance was people who use social services or are working minimum wage jobs and complaining about it are those who need to upgrade their abilities. I still believe that. I never once said that people need to make more money because morons elected a dementia patient for President.

Obviously I know a lot more about it than you do, since you're just parroting your usual partisan spin. If you knew so much you would have bought all the futures and options you could get your hands on an you wouldn't be in here pretending you give a shit about the poor workers n stuff, i.e. just shilling for your Party.

And none you ever go near the fact that the big oil companies and frackers themselves openly state they are no re-investing in new drilling because it would be stupid to do it at today's prices and their stockholders want dividends. Small indie drillers are still at it, which is why rig counts are still way up, but with the big players out the people who produce pipe and other necessities aren't firing up production to match the needs. That is also in the news lately. If you don't know any of this you don't know squat. IF you do read the news then you know you can't refute what I said.
 
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